Geriatric pharmaceutical services company Omnicare, Inc. (OCR) sent Friday an open letter to the shareholders of PharMerica Corp. (PMC) detailing the benefits of combination between the two companies. Omnicare has gone hostile with its $15.00 per share offer for all outstanding shares of PharMerica common stock earlier in the month. The tender offer made directly to PharMerica shareholders ends on October 4, unless extended.
Archive for September, 2011
September 30th, 2011
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September 30th, 2011
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The big news overnight has been the unexpected downgrade of New Zealand’s credit rating by Fitch, stripping the country of its AAA standard and instating an AA+ rating with outlook stable. Fitch cited high levels of external debt as the key concern which prompted the move, but given the market’s preoccupation with Europe in recent weeks and minimal commentary even suggesting this scenario, the… | ||||||||||||||||||||
September 30th, 2011
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The ISM Manufacturing index is expected to weaken for the third consecutive month in September, and the report could weigh on the exchange rate as it reinforces a weakened outlook for the world’s largest economy.
